US337358BH79 Market Value
| 337358BH7 | 108.68 4.61 4.43% |
| Symbol | 337358BH7 |
Please note, there is a significant difference between 337358BH7's value and its price as these two are different measures arrived at by different means. Investors typically determine if 337358BH7 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 337358BH7's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
337358BH7 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to 337358BH7's bond what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of 337358BH7.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in 337358BH7 on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding US337358BH79 or generate 0.0% return on investment in 337358BH7 over 30 days. 337358BH7 is related to or competes with Constellation Brands, SFL, Inflection Point, Aldel Financial, Electrovaya Common, Diageo PLC, and Sabre Corpo. More
337358BH7 Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure 337358BH7's bond current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess US337358BH79 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7119 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 4.69 | |||
| Value At Risk | (0.61) | |||
| Potential Upside | 1.02 |
337358BH7 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 337358BH7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 337358BH7's standard deviation. In reality, there are many statistical measures that can use 337358BH7 historical prices to predict the future 337358BH7's volatility.| Risk Adjusted Performance | 0.0526 | |||
| Jensen Alpha | 0.0485 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | (1.63) |
US337358BH79 Backtested Returns
At this point, 337358BH7 is very steady. US337358BH79 retains Efficiency (Sharpe Ratio) of 0.0571, which signifies that the bond had a 0.0571% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for 337358BH7, which you can use to evaluate the volatility of the entity. Please confirm 337358BH7's Risk Adjusted Performance of 0.0526, coefficient of variation of 1474.29, and Semi Deviation of 0.6084 to double-check if the risk estimate we provide is consistent with the expected return of 0.0579%. The bond owns a Beta (Systematic Risk) of -0.0278, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 337358BH7 are expected to decrease at a much lower rate. During the bear market, 337358BH7 is likely to outperform the market.
Auto-correlation | -0.36 |
Poor reverse predictability
US337358BH79 has poor reverse predictability. Overlapping area represents the amount of predictability between 337358BH7 time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of US337358BH79 price movement. The serial correlation of -0.36 indicates that just about 36.0% of current 337358BH7 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
US337358BH79 lagged returns against current returns
Autocorrelation, which is 337358BH7 bond's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting 337358BH7's bond expected returns. We can calculate the autocorrelation of 337358BH7 returns to help us make a trade decision. For example, suppose you find that 337358BH7 has exhibited high autocorrelation historically, and you observe that the bond is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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337358BH7 regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If 337358BH7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 337358BH7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 337358BH7 bond over time.
Current vs Lagged Prices |
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337358BH7 Lagged Returns
When evaluating 337358BH7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 337358BH7 bond have on its future price. 337358BH7 autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, 337358BH7 autocorrelation shows the relationship between 337358BH7 bond current value and its past values and can show if there is a momentum factor associated with investing in US337358BH79.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in 337358BH7 Bond
337358BH7 financial ratios help investors to determine whether 337358BH7 Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in 337358BH7 with respect to the benefits of owning 337358BH7 security.